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. >> good morning, everyone. if you thought tax the rich was over, please think again. in a new budget, senate democrats reportedly want more taxes on the rich and more taxes on oil and gas companies and hire of taxes on corporations make money overseas and charles schumer make more for taxes on meet the press yesterday. >> we need the money and second, a great opportunity for us, in our budget, we will have tax reform many my republican colleagues like, but it will include revenues and a great opportunity to get us more revenues to help in part deal with sequestration and deal with-- >> senator schumer. stuart: you have a great opportunity. so that's where we are headed and the next four years does indeed kick off it had. for a moment. look back. the president's policy mass been to spend more, tax the rich and protect the debt. in 2009 the debt was a little over 10 trillion and nod it's skyrocketed. it's over 16 trillion and it will be 17 trillion by this fall. the number of people on food stamps way up. in 2009, 33 million. today, that number all the way up to 47 1/2 million and stil
mickelson forced to apologize for saying he plans to make drastic changes because of the new tax laws. >>> plus, a major development in the petraeus sex scandal. >>> and prince harry brags about killing taliban soldiers. has he actually put the british people in danger? overmany discounts to thine customers! [old english accent] safe driver, multi-car, paid in full -- a most fulsome bounty indeed, lord jamie. thou cometh and we thy saveth! what are you doing? we doth offer so many discounts, we have some to spare. oh, you have any of those homeowners discounts? here we go. thank you. he took my shield, my lady. these are troubling times in the kingdom. more discounts than we knoweth what to do with. now that's progressive. good morning, turtle. ♪ my friends are all around me ♪ my friends, they do surround me ♪ ♪ i hope this never ends ♪ and we'll be the best of friends ♪ ♪ all set? all set. [ male announcer ] introducing the reimagined 2013 chevrolet traverse, with spacious seating for up to eight. imagine that. >>> our second story "outfront," phil mickelson's mulligan.
with the conservative republican are surprised to hear the answer is more taxes. this time on hospitals. we will diagnose what this means for you no matter where you live plus the did you know these teeseven has been an entire year since president obama's job council officially made? to as to save the economy. are you happy with how things are going? or power panel is here with what should be happening. for all you brides and grooms to my being the case of cold feet, don't despair. a new company lets you buy and sell your wedding. all you have to worry about is the person elected the altar. the woman behind this new business, even when they say it's not, it's always about "money." all right. we start with the first to announce plans on how exactly it hopes to pay for obamacare. a little bit surprising. republican arizona governor says that the tax increase interstate is the answer. the governor proposing a new hospital provided tax, and this is on topple all the taxes we were just three weeks ago. a number of experts and even some hospitals are on board with the governor's new tax hike. wit
the class war issue on taxes, which romney was not able to rebutt or make the argument for. look, let's be honest about this. romney was a man who spoke conservatism as a second language. you remember in one of the primary debates he wanted to show up as conservative as he was and he ran a severely conservative administration as governor of massachusetts. severe is a word you associate with head wounds and tropical storms. [laughter] >> not with the government. he had trouble making the case. we have a strong bench, half of whom is here at your conference, young governors, ryan, we have rubio in congress, a whole slew of gun governors, a generation who is adept, you could say marinated in conservative philosophy. thinking very deeply about a new kind of conservatism but they for their own reasons, some personal, some they were simply too new and young and raw, weren't quite ready to not run. we had a weak field in the primaries, extremely weak, of whom romney was obviously the best and only possible presidential candidate. you he was -- but he was weaker than the ones sitting on the b
mickelson trying to take a mulligan for his comments on taxes. he will make drastic changes because of california's huge tax hike. what exactly does it mean? is he moving? is he retiring? sportscaster jim gray is sharing hints from mickelson as he joins us. >>> 2012 showed the biggest spike in home prices since the summer of 2006 but there is still time if you want in. we've got the surprising inside scoop what is hot and what's not from coast to coast. >>> iraq stumbles upon a billion barrels of oil they didn't even know they had. we have details whether that could be a global game-changer. even when they say it's not it is always about money melissa: first let's take a look at the day's market moment. a wild ride on wall street today. stocks reversed courses in midday trading with all three major indices ending the session in the green the dow ended up 62 points. travelers insurance reported fourth quarter results. the company still managed to post a profit despite increased claims from hurricane sandy. that is where the good news ended though. travelers profit for the quarter was
. melissa: if you thought washington satisfied its search to tax breaks it -- rich, think again. senate democrats reportedly want even more knew taxes. lori: breaking details out of algeria after the bloody for a hostage situation at the gas plant. hopes fading for survivors. the grim toll and the unanswered questions that. president obama making his career just a couple of moments ago that he is ready to do battle on the economy and that, but not at the expense of social security, medicare, and medicaid >> we, the people, still believe that every citizen deserves a basic measure of security and dignity. we must make the hard choices to reduce the cost of health care and the size of our deficit. but we reject the belief that america must choose between caring for the generation that built this country and investing in the generation that will build its future. lori: the president giving his second inaugural address this morning. rich edson now joining us from washington d.c., and that was certainly a politically partisan address we heard from the president. >> reporter: well, it was a d
want we'll show you an f-16 fighter jet and exactly why your tax dollars should not be sending those deadly aircraft to the radical, anti-american, anti-semetic regime in egypt. we'll have that later in the show. in just a minute the latest details on the democrats gun grab and now they want pistols, shotguns, bullet limits on top of the ban. and those of you in the country those of you disappointed of the election results in november, it's time to get over it, stop whining, put your uniform back on, it's time to get back in the game. yeah, obama won a round here and got reelected, we can he not let the country we love go to hell in a hand basket in the meantime. if you don't get engaged right now he's going to win the battle when he wants to transform it into his utopian process. and he's going to bankrupt the country and your constitutional rights. the time for feeling down, sad, depressed, it's over. right now we live in the greatest country in the the world, the country needs you right now, so it's time to engage and i also have a message to elected republicans and conservatives
to the military? that will hurt him with the center left who, want tax cuts and the help to the religious go down. when you have a narrow margin as a prime minister, historically, here, it means you are wake and not able to do anything significant in the knesset and we will be back to early elections, mr. netanyahu had had a very stable government. but like the united states, neil, israel is rocked by some severe economic problems here. there was a $10 billion budget deficit that was much more than expected. that has become a big issue. the rising cost of living here has become a big issue and that's the thought that this precipitous drop, it was that he and his right-wing coalition hash 70 seats projected 2 months ago. they have fallen in the polls and there is now talk of them bringing on board a center party, run by a charismatic television anchor, turped politician. this person is demanding tax cuts for the middle scplases demand that the religious go to war, something that won't sit well with mr. netanyahu's base. going forward, he may have won, but it will be a very uncomfortable and probab
know 20 so and we're giving him what, fighters jets, military equip and 1.5 billion in tax dollars. >> that's for the peace with israel as the pragmatic branch of the muslim brotherhood. >> sean: it sounds like terrorism to me. >> as long as he upholds the peace with israel, supposedly that's worth the price. >> sean: but look what happened. we get told in washington that the muslim brotherhood, they're great. now, they're against al-qaeda and all that stuff, right? the muslim brotherhood wants the blind sheik back. al-qaeda wants the blind sheik back. >> the muslim brotherhood-- >> prosecute him. the muslim brotherhood wants to impose sharia where it operates. and al-qaeda wants sharia. >> sean: i know the president has every right to celebrate tonight. and wish he and his family well, but these are real, present dangers to our country and the world. good to see you. >> good to see you. >> sean: next, i have a new hero, it seems that paying your fair share is not everyone's dream. and phil mickleson, and taxes may be out of control. and we'll tell you about the one of the world's
? >> reporter: democrats have been setting very strong signals they want more tax increases or at least revenue enhancements through closing loopholes and deductions. majority leader cantor responded to that yesterday. listen up. >> well, you know i fundamentally disagree. i don't think most americans would say to give more money to washington to have washington spend their money is a way to help anybody. >> reporter: also yesterday, the president strongly defended social security, medicare and medicaid and with anp a parent jab at his defeated opponent mitt romney said those entitlement do not make us a nation of takers. republicans have long-held those entitlements are on the road to insolvency unless they are fundamentally restructured. martha. martha: doug, thank you. doug mckelway. bill: house republicans say they hope the move will shift the focus to spending and push the senate into passing a budget. remember it has been four years since the senate passed a budget in washington. >> i think it is about time the senate did its legal responsibility of passing a budget. we passed one each of
, but those in europe may soon have to consider something else, a new tax. ai uchida is here to tell us all about it. so ai, what's the purpose? >> like all taxes, catherine, it is a form of revenue, but it's also aimed at preventing some of the big banking blunders we have seen recently. leaders in 11 of the 17 eurozone nations have approved the new tax on financial transactions. the aim is to tighten the regulation of financial institutions and curb speculative trading on stocks and other securities. >> today's agreement to allow 11 member states to move ahead with harmonized financial transaction tax is a major milestone. >> the leaders of germany, france, and spain joined the agreement. commission officials say this will be the world's first financial levy at a regional level. the next step is to submit a bill specifying what transactions will be taxed at what rates. the new tax could take effect as early as next year. but leaders in britain and the netherlands oppose the levy. their countries are home to many financial institutions. >>> separately, the leaders of france and germany hav
-- >> maximum? >> they should pay their fair share. >> sean: give me a fair share number. >> i like a flat tax. >> sean: between state, local, federal and isn't it sad people are thinking of moving states? and some people might leave the country, that's sad. >> only people with options can do that and we're losing track of that. >> sean: when those people leave, guess who is going to pay? the people who are left. >> yeah, and the states are being dug into the ground with all of these. >> sean: and we've got to run, but we expect momentarily that vice-president biden will be addressing the troops on this inauguration night. congratulations to the president, first lady for ing, that's all the time at we have left. greta is next to go "on the record" and we'll see you tomorrow night. >> greta: tonight, it's blistering, it isn't so much what was said, but who said it. is the cbs news political director and telling president obama to pulverize and destroy republicans. but tonight, scott walker is here and how are he and other governors planning for president obama's second term. governor walker in
jobs. without the income tax they were forced to limit the growth of their government. every state has prisons, schools but they find a way to fund those for less. those nine states gained population from other states, increase jobs four point* 9%. the other states declined. competition between neighboring states keeps them from indulging. new hampshire kept vermont politicians from going crazy. the exisnce of arizona and nevada teacher the california legislator from going crazy. they still do despite so many people moving. but it is good we have places like texas. smaller government meansfor com. bill see you monday. ♪ ♪ gerri: hello, everybody. i'm gerri willis. more taxpayer waste from the obama administration. you're not surprised. a new report says millions of dollars for great energy and the 2009 stimulus package went to foreign companies. with more on this and, senior political columnist for the washington examiner. it's great to see you again, as always. i mean, look at the dollars and sincere. 16 billion for the green energy program. one out of $4 went to foreign compa
's capitol. >> talk a little bit about the potential for more tax hikes. with house republicans talking about that and a leading democrat coming out saying that congress needs more money in order to reach the numbers they have to get to. he says there is really no way around that except higher taxes. here is charles schumer. >> $1.7 trillion in cuts. we've done $600 billion in revenues. you will need more revenues as well as more cuts to get the deficit down. we're going to do a budget this year and it will have revenues in it and our republican colleagues better get used to that fact. martha: promise, promises right? they will do a budget this year. we haven't seen one in how long? stuart varney the anchor of "varney & company". how many years has it been now? >> i believe it is 3 1/2 years. we go through the tax debate. we thought we got higher taxes on the rich and it was over, not so. senator schumer and fellow democrats are proposing yet higher taxes on the rich, more taxes on oil and gas companies and taxes on profits that american corporations makeover seas. so that is three big areas
tonight. thank you. the mickelson's public rant about his taxes didn't go over with some folks. today the millionaire athlete is apologizing. we will show you what he is saying now. plus, a high school wrestler meets his match. look at this. a falling light fixture weighing about 100 pounds. details next. stress sweat is different than ordinary sweat. it smells worse. get 4x the protection against stress sweat. introducing new secret clinical strength stress response scent. get 4x the protection against stress sweat. ♪♪ a flavor paradises aof delicious fishes ♪♪ ♪ friskies seafood sensations. ♪ feed the senses. [ male announcer ] born from the elements, destined to take them over. ♪ the sirius xm satellite radio in the 2013 ram 1500. engineered to move heaven and earth. guts. glory. ram. the new ram 1500. motor trend's 2013 truck of the year. gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone likes 50% more... [ midwestern/chicago accent ] cheddar! yeah! 50 percent more [yodeling] yodel-ay-ee-oo. 50% more flash. [ southern accent ] 50 percent
. the multimillionaire golfer who complained about his taxes in california is still talking about how he wished he never talked about it phil mickelson now says about his threat to up and leave the state of california. new words next. using robotics and mobile technology, verizon innovators have made it possible for teachers to teach, and for a kid... nathan. tadpole. ... to feel like a kid again. because the world's biggest challenges deserve even bigger solutions. powerful answers. verizon. get at low clearance prices., even tempur-pedic mattress sets save even more on floor samples, demonstrators, and closeout inventory. the year end clearance sale ends sunday at sleep train. ♪ your ticket to a better night's sleep ♪ >> shepard: a dumb mistake. that from the golf great phil mickelson at a charity event. he says he completely missed the mark when he publicly complained about california's tax on millionaires and threatened to leave the state or retire from golf all together. >> i shouldn't take advantage of the form that i have as a professional golfer to try to ignite change over these issues. i s
taxes. this happy couple used capital one venture miles for their "destination wedding." double miles you can "actually" use. but with those single mile travel cards... [ bridesmaid ] blacked out... but i'm a bridesmaid. oh! "x" marks the spot she'll never sit. but i bought a dress! a toast... ...to the capital one venture card. fly any airline, any flight, anytime. double miles you can actually use. what a coincidence? what's in your wallet? [ all screaming ] watch the elbows ladies. [ breathes deeply, wind blows ] [ male announcer ] halls. let the cool in. has oats that can help lower cholesterol? and it tastes good? sure does! wow. it's the honey, it makes it taste so... well, would you look at the time... what's the rush? be happy. be healthy. >>brian: getting heat for suggesting he may make changes to his own life based on the increasing tax burden placed on successful americans especially in california. even forbes, a magazine featuring successful people, is jumping on the band wagon writing -- quote -- "mickelson should stop whining and give thanks for your good fortune." now h
be doing more to prevent future tragedies and the tax if we take -- attacks if we take the recommendation . they just wanted to look at the facts, which they did an excellent job doing, and tell us what we need to do. that is what our highest reponsibility is. >> thinking about future attacks and trying to prevent those, on september 12, the president vowed to bring to justice the killers who attacked our people in benghazi. we ask the question and the senator talk about the people perpetrating the recent attacks in algeria, were they emboldened because no one has yet paid the penalty for our facility in benghazi? -- for the attack on our facility in benghazi? >> i know the fbi has been briefing some committees, i assume members of staff in this committee are included, about the progress of their investigation. i got the update from the director a few days ago when he returned from south africa. -- north africa. they are following some very promising leads and putting together cases. they would have to speak to you directly about that in a classified setting. i think what they are trying
government workers were given of taxpayer money to your taxes to allow green energy company to great prosperity. that path is a disaster. balancing the government books is not what matters most. government is not the and all and be all. the health of america is not about government at all. balancing the books as a nice goal but that is not our primary objective. our objective is to grow the private sector. need to focus our efforts and ideas to grow the american economy, not the government economy. i will talk about a couple of other points but if you take nothing else away from what i say, understand this -- we must not become the party of austerity. we must not be the party of austerity. we must be the party of growth. we know the government is out of control and the public knows that, too, yet we just lost an election. we cannot afford to fight on our terms. the republican party must become the party of growth, the party for a prosperous future based on economic growth, an opportunity based on every community in this great nation and not based in washington, d.c. we have fall into
with this initiative. congress and the administration should begin conversation about a broad-based carbon tax. this would give the right signals on energy sources and use. it could raise money to reduce the deficit, restore our infrastructure, speed and finance conservation. there are a number of other commonsense steps that would make progress on carbon pollution and energy conservation goals more significant. the epa should stop dragging its feet permitting old coal plants to continue to spew forth toxic waste, harming the environment and the health of our citizens. it is past time the clean air act reinforced. make sure there are proper safeguards for the cracking technology. make sure this reservoir of inexpensive gas does not undercut the addition of renewables to our energy portfolio. solar, wind, geothermal. dership on these technologies for a balanced energy portfolio and ultimately to reduce our carbon footprint. at each step, we should be looking to enhance energy conservation, because the cheapest kilowatt hour is one that you don't have to generate. we should have a 10-year glide
get it right. inlike a -- unlike a tax change and folks are going to want to know what happened to the social security or medicare. but also an acknowledgment it's not going to get you the $4 trillion and that government spending cuts are going to be required for tax increases. you voted for the tax measure that we just saw. in part because you thought it was better than the alternative that it made permit innocent tax cuts that you wanted. what's the way to do this and is defense still going to be something that's on the table for cuts if you're going to avoid further tax increases and still reduce government spending? >> well, i think it -- defense is vulnerable. i would put it that way. whether sequestration gets turned off with other substituted savings, or whatever happens, we're going to see at best flat defense budgets i think as far as the eye can see. so that puts a burden on those of us in congress on those committees as well as the pentagon to figure out how we get more out of the money we spend already on defense. i think that's the great challenge going ahead. it's
're in a minority in the senate and chuck schumer talking about a budget but one that will have more tax increases in it. >> one of the good things is, it's hard to do things like that in the senate if you don't have a preexisting law that does that for you. so i think we're done with the revenue discussion. now it's about getting spending under control, and i think republicans are going to be united on this. i hope very united. because we need to save this country from the fiscal ruin that awaits us if we stay on this road. >> what do you think has happened to your fellow republicans. like they lost their backbones? >> i don't know about that. neil. i think that -- when i talked to my fellow senators, there's a really strong resolve to make progress on this front. we got big battles coming up. i think we have to make sure the savings of the sequester stays in play. and win the continuing resolution expires in march, we have to make sure a continuation doesn't occur. i think my colleagues on the other side of the aisle will be engaged in that fight to preserve those things but we'll be battling a
. to do it he will have to raise taxes. that will be one of the number one issues on his agenda to raise taxes way beyond where we have been ever since the reagan era. >> juan, how can that be? he has to see the spending problem that we are in. what do you think the thought process is about that since has done some cuts but not enough to make a difference. what do you think his thoughts are on it? >> when you think of some of the positions of debt reduction president obama has been slow to the table in part because he doesn't see republicans as a worthy partner for the steps that have a strong political fallout. people will punish you for people cutting the entitlement programs people punish you at the polls rhetorically. one of steve's great heros congressman ryan of wisconsin took some of that risk and saw the kind of pounding that you take for saying, yes, i would make strong cuts when it comes to something like medicare. i think president obama has been reluctant to join in that junk without knowing that in fact speaker boehner republican leader in the senate mitch mcconnell would be
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together school? mr. obama demands of will to pay their fair share of taxes but he is just another elitist hypocrite when it comes to his fair share of security. protection for his kids and gun- free zones for hours. -- for ours. >> at the white house, and jay carney called the ad cover the. the nra says that the ad is not aimed at anyone's child in particular. anyone who says otherwise is changing the topic and missing the point. sales have gone through the roof. can the president moving mountain this time around? >> no, and it is true public opinion has changed, there is more desire for gun control than ever but i do not think congress will budge on the big stuff. what the nra did was odious. i think the president is on the high ground, but he will not get real gun-control done. >> the 23 executive actions were fairly trivial, nothing major about it. i think it will not have any effect. it was the appearance of motion. the three big items on the table for the congress, assault weapons ban, limit on the size of the magazine clip, and universal background checks -- the last one has very st
for the withdrawal of the central government's plan to reduce tax grants. the state government wants to cut local tax grants from fiscal 2013 starting this april. it's partly designed to slash regional government workers' wages by an average of 7.8%. the chairman of the all-japan precede tech furl and municipal workers union told reporters wednesday the plan is unacceptable. >> translator: this one-sided policy that the state is going to implement unilaterally has been drafted by skipping all the labor management negotiations. >> tokanaba said local governments are striving to cut workers to deal with the shortage of funds even though they're faced with more tasks in the their everyday work. he said they include social security issues and environmental protection measures. tokanaga added some municipalities have even pressed ahead with their own wage cuts. >>> that is going to do it for biz tonight. let's get you a check now of the markets. >>> islamist militants may have timed their attack on a gas plant to coincide with an important event. they took hundreds of workers hostage last wednesday. execu
it was fantastic speech. >> it wasn't a liberal speech. we'll tax any estates over $1 million. we're going to put a carbon tax on any carbon. we're going to legalized drugs marijuana for recreational use. we're going to cut the defense in half and send all those dollars to fund schools. that's a liberal speech. we didn't hear that. >> michael: well, he's not going to say all those things. he's not going to decriminalize heroin. >> good point. it would make things funner there. >> michael: it might. some seem to be on it, actually. the idea though, that he was going to say those. this is where he said we and cited great victories in the civil rights movement, not just civil rights but stone wall, women's rights and gay rights. >> the right to vote. >> michael: it was a very clever speech. he we have in martin luther king jr.'s speech. >> from the left and the right. from folks news to the nation claim this was a liberals coming out speech. it just wasn't. if this was a liberal speech yesterday then the conservatives really have won the debate. they have taken mainstream ideas ideas, and titled th
over how to deal with the george w. bush tax cuts. the house wanted them all extended for everybody. democrats are never on board. president obama was never going to be on board with the idea. so john boehner struggled in that situation, even coming up with an alternative plan for extending tax breaks for anyone making less than $1 million a year. he had to pull from the courthouse. so that was. a was. the next day, he also -- not the next day. excuse me, on january 1, they came back and finally agreed to raise tax rates for those incomes of people making $400,000 a year. that was a tough bill and proposal for him to put forward to, just because taxes went up at the end of the day. the next day he came back and decided to not have a vote on the sandy relief package. that made house lawmakers angry in the northeast. governor chris christie of new jersey also had some tough words for him. he pulled the proposal because conservative republicans said the bill was loaded with pork with projects not related to the storm and they should've gone through the normal appropriations process. a
it is and why it could take a bite out of lawmakers' wallets. golf star phil michelson says higher taxes might force him to move out of the golden state. where he could land and why he's hardly alone. [ male announcer ] in blind taste tests, even ragu users chose prego. prego?! but i've been buying ragu for years. [ thinking ] i wonderhat other questionable choices i've made? [ club scene music ] [ sigh of relief ] [ male announcer ] choose taste. choose prego. your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. to volunteer to help those in need. when a twinge of back pain surprises him. morning starts in high spirits, but there's a growing pain in his lower back. as lin grow longer, his pain continues to linger. but after a long day of helping others, he gets some helpful advice. just two aleve have the strength to keep back pain away all day. today, jason chose aleve.
they can't block things and president can get his larger initiatives through, so he can have more tax increases, that he can do more stimulus spending, that he can do gun control, a larger amnesty program for illegal immigrants, gay marriage, who knows? but he has a big bold agenda that he talked about, including global warming that couldn't get through. couldn't get 60 votes in the senate and remember this, this is the most important part of all of it. if the president can't pass the controversial legislation through his own fellow democrats in the senate and moderates and those in states that are red, facing reelection, he can't ever pressure the house, because if he can't move it it out of the sna you can't pressure the house, that's what this comes down to is being able to break the back of the republican majority in the house. >> megyn: we shall see. the republican are said to be least talking with harry reid could be a bipartisan agreement to curtail the filibuster, but the republicans say the only way they could do that is if they significantly improve their ability to put amen
higher tax rate. his former neighbor says he has a point. he says the tax policy in their neighborhood is criminal. criminal. he'll explain. [ male announcer ] it's simple physics... a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus, in clinical studies, celebrex is proven to improve daily physical function so moving is easier. celebrex can be taken with or without food. and it's not a narcotic. you and your doctor should balance the benefits with the risks. all prescription nsaids, like celebrex, ibuprofen, naproxen and meloxicam have the same cardiovascular warning. they all may increase the chance of heart attack or stroke, which can lead to death. this chance increases if you have heart disease or risk factors such as high blood pres
. so more invasionive in terms of taxes, which clearly is happening. and less alienled on whgned on about it. should government tax harder or should spending be cut harder? not only is there no agreement, but the democrats now are saying, listen, forget the debt ceiling. let's get rid of that silly little thing. but do we actually need a budget? >> so we're learning that we may finally get a budget for the first time in what, three years? significant, though, because these are just templates. >> i great, they are templates. but letting go at a time when the debt is compounding is worrying. however, having said that, you can get worried about that as a market participant, but as long as the federal reserve has open ended quantitative easing, nothing is going to happen from the long end. >> from a market point of view, we were talking about allen capper about this last hour. but from a market point of view, the best outcome is something that lowers the long-term debt outcome. but we keep get ago worsening of the long-term debt profile and a hit to the near term. that is a mix that
reforms, they're talking about tax reforms, as well. this will be a multi layered process and hopefully they'll be in power long enough to deliver some of those changes. i think the market was expecting for the bank of japan to come in .deliver everything that was going to solve all of japan's problems after decades of recession, then they were probably misguided. but for the moment, the reaction we're getting from people who were watching japan is they probably took as many steps as they could today to try and address this decision. >> kaori, stay with us. ed, welcome. you just heard a little bit of the back and forth. what's your own opinion here on what the boj has or hasn't delivered? >> good morning. thanks very much for having me on the show. my opinion is i completely agree with everything kaori said. even more than that, i would say to the viewing audience, look, this is the cramer moment for japan where you bring out the bells and the whistles and you toot the horn and you tweet and you pound the table and you run around the room saying buy, buy, buy. the framework is now in pl
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